2011 Fiscal Year Final Research Report
Monetary Policy for Stability of Economy with Heterogeneity
| Project/Area Number |
22830034
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| Research Category |
Grant-in-Aid for Research Activity Start-up
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| Allocation Type | Single-year Grants |
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| Research Field |
Economic theory
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| Research Institution | Shinshu University |
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Principal Investigator |
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| Project Period (FY) |
2010 – 2011
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| Keywords | マクロ経済学 / 動学 / 安定性 / 経済政策 / 異質性 |
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| Research Abstract |
Economic Theory with heterogeneous agent has been developed recently. It is important in order to suggest more appropriate economic policy. In this research, I theoretically analyze how monetary policy affects the stability of an economy with two countries which are different. Here, the monetary policy is such that central banks decrease a nominal interest rate in response to the lower income and inflation rate. Additionally, I investigate the relation between social status and economic policy.
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